Hind Commerce Ltd — Important, 02-09-2025: Company Update
02-09-2025 | 03:03 pm
02-09-2025 | 03:03 pm
Premier Capital Services' Independent Directors Committee (IDC) has assessed an open offer by acquirers to purchase up to 96,35,840 shares, representing 26% of voting capital, at ₹5.65 per share, totaling ₹5.44 Cr. The IDC views this offer as fair and reasonable, aligning with regulatory guidelines. Investors should note a share purchase agreement termination by the selling promoter, though acquirers are still obligated to proceed with the open offer. Shareholders are advised to make independent decisions.
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